Let's talk about the economy

Status
Not open for further replies.
Hooch said:
Kenny said:
I just saw a poll where only 21% of the population would admit that they were Republicans, and all four of them are on this forum.. :lol: :lol: :lol:

Kenny
This must have been an "inner city" poll that only includes people that make less than 12k a year and live off the government.
I thought welfare was more than $12K per year????
:twisted: :roll: :lol:
 

jerry

Guest
Being in the trades if I make 12k this year after expenses and getting stiffed by right wing republican wheeler deal types I will be really happy.
The example below is the type of hard working republican Mortgage brokers that screwed the pooch for all of us (they happen to have been Mormon but it could have been any variation of the talk radio saturated crowd.


"The Tuckers were arrested in Stillwater, Okla., where a relative ran the processing part of the mortgage business. They were found on the relative’s property “living out of their million dollar motor home, which is now the subject of forfeiture action,” by federal agents, Prosecutor Mark Aveis said.

The Tuckers fled California, where they operated Tucker Mortgage in Thousand Oaks and San Diego.

The two were accused of operating a “mill,” a real estate finance scheme where two or more individuals broker numerous real estate loans made by banks or lenders by using fraudulent documents, according to court documents. The mill scheme generated more than $31 million.

“The Tuckers’ ill gotten gain was gain from a variety of sources,” Aveis said, adding the couple profited from loan brokerage fees, real estate commissions and fees assessed to investors, who were primarily church friends, who were unaware of the couple’s activities.

Terrance Tucker’s attorney, federal public defender Dean Gits, and Sonya Tucker’s attorney, Gregory Nicolaysen, did not return calls for comment.

The loan applications were filed with banks including Washington Mutual, Wells Fargo, Bank of America, Chevy Chase Bank and Downey Savings. The Tuckers, who profited from the loan brokerage fees, would falsely claim their customers would make cash down payments, overstate their clients’ income and misrepresent their employment, according to court documents.

The couple told clients they could secure 100 percent financing through a combination conventional loans and hard money loans, so their customers could purchase property. Hard money loans are short-term loans made at a high interest rate and usually issued by an individual to a borrower with low creditworthiness, according to court documents.

The couple arranged about $4.5 million in hard money loans. The Tuckers turned to friends and fellow members of the Mormon church to invest in the loans, according to court documents. When the investors demanded repayment, the Tuckers would advise their loan customers to apply for home equity lines of credit, which the couple would control once they were obtained.

The couple often would not repay the investors, encouraging them instead to reinvest and “roll over” their funds into new hard money loans. Most of those loans were never repaid, according to court documents."
 

wendell

Guest
sir--if you think Republicans are the only crooks in this you are very naive. greed, unethical business practices and political corruption do not have party affliations.
 

jerry

Guest
Wendell true to a point but the people that personally stiffed me were from the party of deregulation. The church of "the free market" told us we didn't need any sissy regulations of the free enterprise system...oops
 
A

azbeachboy

Guest
How big of a crook do you want? Bernie Madoff
http://www.huffingtonpost.com/2008/1..._n_151120.html


The Democratic Senatorial Campaign Committee received $100,000 in donations from Madoff during the past four years. Sen. Chuck Schumer, who headed the DSCC until stepping down this year, separately has received $39,000 from Madoff since 1998.
Will the committee return these funds -- taken, in part, from duped investors? Matt Miller, a spokesperson for the DSCC, replied that "it is under review."
Or take, for example, Sen. Frank Lautenberg. The New Jersey Democrat left the bulk of his family's charity -- which donated to causes like breast cancer research, the NAACP, and performing arts -- to Madoff's stewardship, his foundation's lawyer told the Associated Press. But as of now, there is no telling where the funds went and what is left. The Senator, one of the wealthiest members of the Senate, received a $7,600 donation from Madoff to his Victory Fund in 2007 -- a pittance compared to the cash his charity likely lost.
An aide to Lautenberg said that the office would be "ridding ourselves of the contributions" but had not yet determined the best method of doing so.
Other Democrats who received Madoff money include Jeff Merkley, the incoming Oregon Senator, who took in $2,300 in donations this past April; Ron Wyden, the Oregon incumbent, who received $4,000 in donations in March 2003; Dick Gephardt, the former Speaker of the House, who got a check for $2,000; and Rep. Ed Markey, who was sent two checks of $2,000 each in June 2004.
Peter Madoff, Bernard's brother, was even more lavish with his contributions, spending more than $66,000 on candidates and committees in the past decade, including to Sens. Hillary Clinton ($2,300 in 2008, $4,600 in 2007), Chuck Schumer ($6,000 in total) and Ron Wyden.

I am posting this because a liberal was mistaken and posted on another thread that he was a major Republican contributor. The media has not made the public aware of this..

of course..if he was a major Republican we would have known all about it..

Now the great Republican Rush Limbaugh!
Rush Limbaugh
By Glenn Beck

He attracts more listeners with just his voice than the rest of us could ever imagine. He is simply on another level.

No matter how many new technologies pop up, nothing will ever surpass the intimacy of radio. And nobody will ever be better at utilizing it than Rush. His consistency, insight and honesty have earned him a level of trust with his listeners that politicians can only dream of. And that is why the more irrelevant critics try to make him, the more relevant he becomes.

Rush, 58, saved the spoken-word radio format from obscurity and paved the way for thousands of broadcasters, including myself. His career serves as the most successful stimulus package in radio history. All without a government dime.

Knowing firsthand just how hard it is to hold an audience's attention for a few hours makes it that much more amazing to have seen Rush do it for more than 20 years. To say that he has set the standard for success in broadcasting would truly be an understatement.
 

Kenny

Guest
It didn't say he was a Democrat! If you are going to cut and paste everything, don't omitted what you don't like Chuck..Did you learn that from Rush too?

Here is what it said, (below) and from the exact same place you got it!...http://en.wikipedia.org/wiki/Bernard_Madoff


Madoff was a prolific philanthropist.[13] [15] He and his wife gave campaign contributions mostly to the Democratic Party,[16] but also to the Republican Party.[17]
=======================================================================

Ruth and Bernie Madoff were popular socialites and philanthropists in New York and Florida, where they were members of the exclusive Palm Beach Country Club. Now ain't that a Dem hang out..LOL
=======================================================================

For the record, this (below) is what the above post was last night, except the "but also to the Republican party" was omited. Geeez Chuck
Bernard Lawrence "Bernie" Madoff (IPA: /?me?d?f/) (born April 29, 1938) is a former American businessman and former non-executive chairman of the NASDAQ stock exchange who was convicted of operating a Ponzi scheme that has been called the largest investor fraud ever committed by a single person.[2] On March 12, 2009, Madoff pled guilty to an 11-count criminal complaint, admitting to defrauding thousands of investors. Federal prosecutors estimated client losses, which included fabricated gains, of almost $65 billion.[3] He had been confined to his Manhattan penthouse apartment during the investigation, and was subsequently incarcerated after his guilty plea. There was no plea deal with prosecutors. He faces spending the rest of his life in prison, and up to $170 billion in restitution.[4]

Madoff founded the Wall Street firm Bernard L. Madoff Investment Securities LLC in 1960, and was its chairman until his arrest on December 11, 2008.[5][6] The firm was one of the top market maker businesses on Wall Street, (the sixth-largest in 2008),[7] which bypassed "specialist" firms, by directly executing orders over the counter from retail brokers.[8] The firm also had an investment management and advisory division that was the focus of the fraud investigation.

According to the original federal complaint, Madoff claimed his firm had "liabilities of approximately US$50 billion."[9] Prosecutors increased their estimate of the size of the fraud from $50 billion to $64.8 billion, based on the amounts in the accounts of Madoff's 4,800 clients on November 30, 2008.[10] It is claimed that he confessed to his sons first on December 10, 2008 that the asset management arm of his firm was a giant Ponzi scheme — as he put it, "one big lie."[11] They then passed this information to authorities.[12][13] The following day, Federal Bureau of Investigation agents arrested Madoff and charged him with one count of securities fraud. Five days after his arrest, Madoff's assets and those of the firm were frozen, and a receiver was appointed to handle the case.[14] The SEC conducted several investigations into Madoff's business practices since 1999, which critics contend were incompetently handled.[7]

Madoff was a prolific philanthropist.[13] [15] He and his wife gave campaign contributions mostly to the Democratic Party,[16] but also to the Republican Party.[17
 

Kenny

Guest
The Right's pandemic paranoia

While the Department of Homeland Security and the Centers for Disease Control spent the week informing the public with details on the H1N1 virus, the right-wing noise machine spent the week misinforming the public with paranoid theories about the virus. Because the flu virus may have originated in Mexico, the story provided some on the right with an excuse to engage in some good-old fashioned immigrant-bashing and renew their calls for greater border security. The story also provided right-wing media figures with more fuel for their fear-mongering about the Obama administration.

As the story of the H1N1 virus emerged, it was initially referred to as the "swine flu," but the Obama administration called for moving away from that language because it was contributing to baseless fears that the virus had to do with pork consumption. This did not sit well with CNN's Lou Dobbs, who referred to people using the H1N1 terminology as "idiots" and claiming "they are out of their cotton pickin' minds." Such people include several of Dobbs' colleagues at CNN, including the network's chief medical correspondent.

In response to the administration's request for a name change, radio host Neil Boortz suggested calling the virus the "fajita flu." But that was one of Boortz's more tepid comments about the virus. Boortz stirred up fears that the virus was some sort of "bioterrorist" plot, asking, "What better way to sneak a virus into this country than to give it to Mexicans?" Similarly, radio host Michael Savage claimed, "There is certainly the possibility that our dear friends in the Middle East cooked this up in a laboratory somewhere in a cave and brought it to Mexico knowing that our incompetent government would not protect us from this epidemic because of our open-border policies." After all, Savage claimed, the terrorists might have known that Mexicans "are the perfect mules for bringing this virus into America."

It's hard to determine which came first -- the intolerance or the paranoia.


Indeed, they make conservative leader Rush Limbaugh's suggestions of a conspiracy on the part of the Obama administration seem just slightly less delusional. Limbaugh claimed: "All of this is by design. It's designed to get people to respond to government orders. ... It is designed to expand the role and power of government and schools, and the media just falls right in line with it."

Meanwhile, Fox News' Glenn Beck speculated that the administration's response might have been designed to get Kathleen Sebelius rapidly confirmed as Health and Human Services secretary: "She can be confirmed right out of the gate because of this swine flu. So don't look over here, look at the swine flu, look at the swine flu, look at the swine flu. And she just goes right through the gate."

Thankfully, there were a few commentators urging restraint on the flu story. MSNBC's Joe Scarborough noted: "[T]here have been some irresponsible voices out there talking trying to link illegal immigration with this pandemic and that's just not the case at all. That's ignorant." And Fox's Shepard Smith remarked: "[E]verybody's emailing going, 'The illegals are bringing it across the border.' Relax! There's a flu outbreak going on, and you're worried about illegal immigration."
 
S

Submarine

Guest
"What better way to sneak a virus into this country than to give it to Mexicans?"


That's hysterical!
 
A

azbeachboy

Guest
This just about sums it up..........

A woman in a hot air balloon realized she was lost.? She lowered her altitude?and spotted a man n a boat below. She shouted to him, "Excuse me, can you help me? I promised a friend I would meet him an hour ago, but I don't know where I am."

The man consulted his portable GPS and replied, "You're in a hot air balloon, approximately 30 feet above a ground elevation of 2346 feet above sea level.? You are at 31 degrees, 14.97 minutes north latitude and 100 degrees, 49.09 minutes west longitude."

She rolled her eyes and shouted, "You must be a Republican."

"I am," the man called out. "How did you know?"

"Well," answered the balloonist, "Everything you told me is technically correct, but I have no idea what to do with your information, and I'm still lost.? Frankly, you've not been much help to me."

The man shouted, "You must be a Democrat."

"I am," she said. "How did you know?"

"Well," said the man, "You don't know where you are or where you are going. You've risen to where you are, due to a large quantity of hot air. You made a promise that you have no idea how to keep, and you expect me to solve your problem. You're in exactly the same position you were in before we met, but somehow now it's my fault."
 

jerry

Guest
"You're in exactly the same position you were in before we met, but somehow now it's my fault."

Let's see ...Clinton billions ln surplus, Bush billions in debt
Bush leaves us hated around the world...Obama more popular than Elvis
Bush breaks Afghanistan by starting the stupid Iraq war...Obama changes course
Bush deregulates and destroys economy....Obama trying to reregulate and fix
Bush.."drill baby drill" Obama moving toward Pickens plan
Republicans argue "health care isn't a right" this stance lets patients die if they can't afford health care(which would have happened to your brother under free market theory of Rush Limbaugh...Obama for a more inclusive health care plan.

Your team screwed things up and now we're at bat. Your crazy response is a vague "constitutionalist" threat of insurrection which is all over the rightwing blogs and radio.
You need to stop listening to Glen Beck man!
 

InkaRoads

cronopiador
azbeachboy said:
I agree Hooch! Ten trillion dollars in dept in less than one hundred days...
My impression of this administration.
C'mom Chuck you as well as all the republicans and democrats of the world KNOW that the trillion dollars in debt is the trickle effect of the last government, and I mean the Bush government, it could have been any other republican in office in those last 8 years and I bet the deficit would have been a lot different, most probably a lot less, yes it could be possible to have some one in office for the past 100 days and incurre a large debt but not in the trillions, congress will not allow it!!! congress allow the trillion payment/bailout to fix Bush's f#$% up, lets be a little more realistic.
Yes, I am democrat and do not agree 100% percent with any politician, neither does anybody, but in one thing all republicans and democrats alike DO agree is that Bush is and was and probably will be the worst president this country has ever had. IMHO if not refer t Jerry's previous post he explains it step by step.
Now, like I said before I am not an economist but if instead of giving and extra 3 billion dollars to banks again in bailout monies, they should give 1 million dollars to each household in USA (with certain parameters and it will be less than 200 millions) this fiasco will be solved!!! :eek3:
 
You know all of the above boils down to only one thing!
My Company , that I started 30 years ago, worked about 15 years about 14 hours a day and at least 6 days a week was very successful, is now on the edge of Chapter 11 or 13.
All this bail out and no one has ask me how can we help your company. Where has all the money gone?
Government + media = smoke and mirrors ---- and they talk about the Mexican government being corrupt.

I don't think it will be long and my wife and I will be living in Mexico full time . I feel safer there anyway.
 

InkaRoads

cronopiador
Bill, you already said that the downfall of your company was "My son took over the business and has run it to the edge of total failure" Re: What do you do for a living?, so now blaming the economic situation is not right.
I know of many businesses here in Tucson that were given to the kids and they ran it down the drain, and the economy was really good then, as you said you worked it hard and long then your kid thought, like many others, "it is established it will run in its own" is not the economy is the lack of marketing knowledge, which I must say I am learning some about it and can see why many business fail, specially in tough economic times.
I do agree on the fact that I am ready to move to PP full time, just waiting for my kid to start college, four long years!!!!
 
B

beachintheblood

Guest
jerry said:
"You're in exactly the same position you were in before we met, but somehow now it's my fault."

Let's see ...Clinton billions ln surplus, Bush billions in debt
Bush leaves us hated around the world...Obama more popular than Elvis
Bush breaks Afghanistan by starting the stupid Iraq war...Obama changes course
Bush deregulates and destroys economy....Obama trying to reregulate and fix
Bush.."drill baby drill" Obama moving toward Pickens plan
Republicans argue "health care isn't a right" this stance lets patients die if they can't afford health care(which would have happened to your brother under free market theory of Rush Limbaugh...Obama for a more inclusive health care plan.

Your team screwed things up and now we're at bat. Your crazy response is a vague "constitutionalist" threat of insurrection which is all over the rightwing blogs and radio.
You need to stop listening to Glen Beck man!
jerry: you sound like you have been drinking the grape kool-aid, always remain a sceptic-especially of your own party. We have been over regulated to death and the free market is what made the U.S. what it is. All political parties are cyclical in popularity just like the economy is . How can you possibly believe health care is a right? By taxing the producers in this country to pay for health care you put them in slavery-forcing them to pay for someone else's health care, just because someone is born here does not give them the right to take from my paycheck to pay for their healthcare-what about food, housing, clothing, auto's......where do you stop? I have relatives in Canada, France and England and they all come here for their major health care because of the poor system in their own counties that is underfunded. All healthcare in the world is rationed either by price {the U.S.} , funding {most socialized underfunded systems like Canada, England or France} or by wait times {most socialized systems}. The smugness and overconfidence of the Democrats is as frightening or worse than the Republicans. All of the money Obama is spending has to be paid back-not a fun scenario for anyone who works and pays taxes for the next 10 years. Do you really want some out of touch bureaucrat in Washington regulating most aspects of your life, the same guys that brought you public housing, and Veteran's health care?

P.S. if you make 12K this year would you care to help me pay for my health insurance? Just send me a check.

Here is some food for thought:
www.townhall.com/columnists/WalterEWilliams/2004/07/21/free_health_care
www.townhall.com/columnists/WalterEWilliams/2009/03/04/swedens_government _health_care
 

jerry

Guest
I don't know about your relatives stories but it is nice hearing from a real Townhall reader.Thanks to you guys the Republican party can now fit in a phone booth.
Some facts not provided by your lovely family:


Frome the NNHCC:
* Incremental health care reforms in the United States have been ineffective and have yielded a steady increase in the number of Americans without health insurance. In addition to the 47 million Americans without insurance, millions more are underinsured. Virtually all other industrialized nations insure their entire populations. According to a recent study conducted by the Commonwealth Fund, 75 million adults—42 percent of the under-65 population—had either no insurance or inadequate insurance in 2007, up from 35 percent in 2003 (Click here for the study)
* Our lack of universal health insurance is costly – both financially ($7,129 annually per capita) and socially (22,000 unnecessary deaths each year due to uninsurance). Despite higher spending than any other nation (overall, per capita, and as a percentage of GDP), the U.S. is ranked 37th in health system performance among the 191 Member States of the World Health Organization.



* Single payer health insurance is a system by which the health care expenditures of an entire population are paid for through one source – the Federal government or a subcontracting entity – using tax revenue from individuals and employers.
* Distinctly different from socialized medicine, whereby the government owns and operates health care facilities, a “single payer system” is simply a financing mechanism. The government collects and allocates money for health care but has little to no involvement in the actual delivery of services. Care is provided privately at hospitals and clinics but paid for publicly.
* Individuals are allowed to choose their providers, and physicians are either compensated on a fee-for-service basis or paid salaries by hospitals that receive an annual global budget or by nonprofit health maintenance organizations.
* All medically necessary services are covered by the insurance, including primary care and prevention, prescription drugs, long term care, mental health, substance abuse treatment, dental services, and vision care.
* Services are delivered based on need rather than on ability to pay. Coverage is uninterrupted and equal for everyone, thus ending the dependency of health care access upon employment status.
* Single payer health insurance would save money by vastly reducing administration and paperwork and by giving the Federal government bargaining power to procure medications in bulk. Even more significant than the savings that a single payer system achieves are the universal coverage and comprehensive benefits it provides, thereby realizing the right of every person to quality health care.
* Single payer health insurance has proven itself to be successful in Canada, Australia, Denmark, Finland, Iceland, Sweden, and Taiwan, and the model exists here in the United States as well in the Medicare program – which holds administrative overhead to 3-4%.
* The expansion of Medicare, as proposed in House Resolution 676, is the smoothest road toward universal coverage and the only way to achieve sustainable,
cost-effective coverage for every American.
 
E

El Feo

Guest
jerry said:
I don't know about your relatives stories but it is nice hearing from a real Townhall reader.Thanks to you guys the Republican party can now fit in a phone booth.


Commie, Pinko, Ratface :ugeek: :ugeek: :ugeek:
 

Kenny

Guest
El Feo said:
jerry said:
I don't know about your relatives stories but it is nice hearing from a real Townhall reader.Thanks to you guys the Republican party can now fit in a phone booth.


Commie, Pinko, Ratface :ugeek: :ugeek: :ugeek:
Psycho babbling fascist :twisted: and I hope to see ya soon. :D
 
B

beachintheblood

Guest
You drink the socialized medicine kool-aid also. Just don't get so caught up in an ideal that we jump from the frying pan into the fire. I am a skeptic of all and believe both of are parties are very corrupt.
My Aunt who lived in Calgary needed a simple heart valve surgery-wait time for a referral from her primary care physician to a specialist was 3 months. Wait time for surgery was 9 months. She died 5 months into the wait. This opened my eyes and I began researching socialized medicine around the world. Every single socialized system is underfunded and rations care by making you wait for care. ER visits, cough & cold and flu type stuff is pretty good but the U.S. remains the vanguard for service, innovation and care in the world. U.S. clinics perform many surgeries a year for Canadians who fear the wait.
If we go down the socialist road as it appears we are a great business idea will be to build clinics in Mexico that will service the flood of Americans who will not want to wait a year for a knee surgery.

The other thing I disagree with and am disgusted by are the provisions in most socialized health plans that prohibit you from paying for medicine or services that are not on the plan. I see it all as another way to tax the producers to give to the non-producers. With more than 50% of the public not paying any taxes now the dem-lib-socialists have a ready made voting bloc.

Hopefully "they" take the best of all systems and combine them to make a great system for us when it comes but I have no faith in the government to provide us with anything .

By the way, I am not a Republican and have been an independent for years but lean toward the Libertarian ideals.
 

Kenny

Guest
By the way, I am not a Republican and have been an independent for years but lean toward the Libertarian ideals.
Oh, how nice, but how have you voted?

Did you here the news? Joe the plumber, who was really a libertarian, quit the Republican party today. Maybe you know him. :lol:

Kenny
 
Status
Not open for further replies.
Top